The Dollar to Naira exchange rate remained relatively stable in the parallel market on Tuesday, June 23, 2026, despite continued demand for foreign currency from businesses, travelers and importers.
According to Bureau De Change operators, the US dollar was bought at ₦1,380 and sold at ₦1,390 in the black market, unchanged from the previous trading session’s selling rate.
The stability suggests that foreign exchange supply and demand remained largely balanced across major currency trading hubs.
The Dollar to Naira exchange rate continues to be closely watched by investors, businesses and policymakers due to its impact on inflation, trade and overall economic activity.
Exchange Rate Snapshot
The latest black market rates are:
| Currency |
Operators Buy |
Operators Sell |
| US Dollar (USD) |
₦1,380 |
₦1,390 |
This means Bureau De Change operators purchase dollars from Nigerians at ₦1,380 per dollar and sell dollars to customers at ₦1,390 per dollar.
Exchange rates may differ slightly depending on location and transaction size.
How Much Is Dollar to Naira Today in Black Market?
For Nigerians asking how much is dollar to naira today in black market, the current exchange rate shows that anyone selling dollars to Bureau De Change operators receives approximately ₦1,380 per dollar.
Meanwhile, individuals looking to buy dollars for travel, school fees, medical expenses or business transactions will pay around ₦1,390 per dollar.
The spread between the buying and selling rates remains consistent with market practice among parallel market operators.
Foreign Exchange Demand Remains Elevated
Despite recent stability, demand for dollars remains strong across several sectors of the economy. Importers continue to require foreign currency to finance international trade, while students studying abroad and Nigerians traveling overseas remain active participants in the market.
Businesses making payments to foreign suppliers also continue to contribute to dollar demand.
However, traders reported that available supply was sufficient to prevent significant exchange rate fluctuations, helping the naira maintain its position against the dollar.
Market Sentiment
Currency dealers described Tuesday’s market activity as steady, with no major disruptions recorded across key trading centres. The absence of sharp movements suggests that traders are adopting a cautious approach while monitoring broader economic and monetary developments.
Market participants remain focused on factors such as foreign exchange inflows, crude oil revenue performance and investor confidence, all of which play critical roles in determining the direction of the naira.
The relatively stable trading environment could help businesses plan their foreign exchange requirements more effectively in the near term.
What Businesses Are Watching
For businesses operating in Nigeria, exchange rate stability remains a critical factor. A stable Dollar to Naira exchange rate helps companies manage import costs, forecast expenses and reduce uncertainty associated with international transactions.
Manufacturers and import-dependent businesses, in particular, continue to monitor the market closely as fluctuations in foreign exchange rates can directly impact profitability and pricing decisions.
Outlook for the Dollar to Naira Exchange Rate
Analysts expect the Dollar to Naira exchange rate to remain within its current range if foreign exchange liquidity remains adequate and demand pressures do not intensify significantly.
The official foreign exchange market remains under the supervision of the Central Bank of Nigeria (CBN), which continues to implement measures aimed at improving transparency and efficiency in the country’s FX market.
For daily updates on the Dollar to Naira exchange rate, economic news and market intelligence, readers can visit Investors King. Parallel market rates can also be monitored through Aboki Forex.
As of Tuesday, June 23, 2026, the Dollar to Naira black market exchange rate stands at ₦1,380 buying rate and ₦1,390 selling rate, reflecting continued stability in Nigeria’s parallel foreign exchange market.
